Juul Labs Inc.’s leader told his employees Thursday that the company is scrapping plans for an overseas expansion, has refinanced some of its debt, and is fighting for its survival.
“The board, the leadership team and I continue to weigh all options to ensure we take the necessary steps that help us in our battle for our mission–a battle that has been playing out for many years,” Chief Executive K.C. Crosthwaite said at an all-hands meeting with employees Thursday, according to a copy of his prepared remarks reviewed by the Wall Street Journal.
